By Walter Grand in Economy —

Oil demand will grow in 2023 - IEA

Oil demand will grow in 2023 - IEA
Photo by Zbynek Burival / Unsplash

In 3Q2022 the supply of oil in the market exceeded demand. According to IEA analysts' forecasts, the situation will change in 4Q2022. During 2023 demand will grow by ~1.5 mln bpd, while supply by ~3.3 mln bpd.